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economists say the rapid increase poses a threat to our fragile economy. joining me now oil industry analyst cnbc contributor john killbuck, thanks for joining me. >> good to be here. >> i heard it's be the blend. we're getting ready to switch to the summer blend and this is why. is that a legitimate reason here? >> you know, normally in past years it would. there's a certain time of year where that's happening. but what's really happening here, the refining industry is doing what the airline industry is doing and that's reducing capacity really massively. we lost over a million barrels of refining capacity just to shutdowns over the last year now. >> why would they voluntarily do these shutdowns? >> believe it or not, they weren't making enough money for themselves and they decided to get out of the business. i'm fearful normally i can tell you why, it has to deal with cutbacks by opec. war issues. this time, it may be different. this time we may not see the price break in coming months that i'd expect to happen because of demand at the pump. with the ref
economists say the rapid increase poses a threat to our fragile economy. joining me now oil industry analyst cnbc contributor john killbuck, thanks for joining me. >> good to be here. >> i heard it's be the blend. we're getting ready to switch to the summer blend and this is why. is that a legitimate reason here? >> you know, normally in past years it would. there's a certain time of year where that's happening. but what's really happening here, the refining industry is doing...
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Feb 18, 2013
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vast majority of whom are honest, hard-working, have contributed and continued to contribute to the economy, to the culture, to this society on a daily basis. many of them, a majority, have u.s.-born children. this is what really it's all about. these people are here to contribute and to remove that aspect, that 800 pound elephant from the discussion i think really is a disservice to people who contribute to the prices that we pay for our vegetables and fruits, to how the economy continues to run in this country. these people are looking for politicians both republicans and democrats, and i spoke to some democrats over the weekend who, quite frankly, are upset at this leak as much as senator rubio seems to say he is because they've been asking the president to keep his powder dry, to let them try to work behind the scenes to get something done with republicans who are in many ways looking, some of them, for any excuse to back out of any immigration reform. this is not helpful, and it's certainly not helpful to the folks that have hopes and dreams and aspirations to those coming out of the s
vast majority of whom are honest, hard-working, have contributed and continued to contribute to the economy, to the culture, to this society on a daily basis. many of them, a majority, have u.s.-born children. this is what really it's all about. these people are here to contribute and to remove that aspect, that 800 pound elephant from the discussion i think really is a disservice to people who contribute to the prices that we pay for our vegetables and fruits, to how the economy continues to...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ some brokerage firms are. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- isn't that a conflict? search "proprietary mutual funds." yikes! then go to e-trade. we've got over 8,000 mutual funds, and not one of them has our name on it. we're in the business of finding the right investments for you. e-trade. less for us. more for you. the fund's prospectus contains its investment objectives, risks, charges, expenses, and other important information and should be read and considered carefully before investing. for a current prospectus, visit etrade.com/mutualfunds. >>> this is going to be fun. back to "ha
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ some brokerage firms are. but way too many aren't. why? because selling their funds makes them...
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Feb 19, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than anyone's words. iams. keep love strong. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this...
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Feb 16, 2013
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these are the jobs that growing in our economy. you know. the good paying jobs of yesterday have gone and a lot of them are not coming back. the public sees all of this. and so they -- that's why they support raising the minimum wage by so much. where is the opposition? you know. it is with lawmakers. >> also, interest groups. >> yes. let me say i was doing a lot of reading on minimum wage and sort of where people fall on this. i could probably, you know, yesterday i saw -- talking to an economist who was telling me -- he's not really republican or democrat. he was just -- telling me that when you raise the minimum wage, then inflation goes up. then you raise the minimum wage and inflation goes up and you raise the minimum wage. i said well, how does that affect -- well, let's sma one working at mcdonald's, minimum wage, they pass the, you know, price on to the consumer. so -- again, i can -- we can probably get, you know, 50 economists on either side telling us why it is good or bad. then also businesses like you say -- >> you won't get a b
these are the jobs that growing in our economy. you know. the good paying jobs of yesterday have gone and a lot of them are not coming back. the public sees all of this. and so they -- that's why they support raising the minimum wage by so much. where is the opposition? you know. it is with lawmakers. >> also, interest groups. >> yes. let me say i was doing a lot of reading on minimum wage and sort of where people fall on this. i could probably, you know, yesterday i saw -- talking...
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Feb 20, 2013
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> people standing with the president today are among those who will directly impacted by congress if they refuse to act. >> emergency responders, like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. border patrol agents will see their hours reduced. fbi agents will be furloughed. federal prosecutors will have to close cases and let criminals go. air traffic controllers and airport security will see cutbacks, which means more delays at airports across the country. >> and it doesn't stop there. we're talking thousands of teachers who are going to be laid off across america. there will be cuts to primary health care for hundreds of thousands of americans. preventative care, like cancer screenings are also going to be hit and taken off the list. i mean cuts to the military are also going
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> people standing with the president today are among those who will directly impacted by congress if they refuse to act. >> emergency responders, like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. border patrol agents will see their hours reduced. fbi...
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bargaining table and say how are we going to stabilize our debt so it isn't growing faster than our economy can grow. that means entitlement reform. it means tax reform. everybody knows that. and we've got to get back to it. >> the president said that he's in favor of entitlement reform. he has been specific about dealing with medicare and some aspects of retirement, but has he been specific enough? i'm going to ask you about taxes in a minute, but from the president and the white house's perspective, as he put enough out there on the table to reel in the republicans and get them to negotiate seriously? >> well, i hope so. he's put some things on the table that his own troops didn't like, which is absolutely necessary. he had to do that to show that he was serious. one thing is the reform of the consumer price index, which is really a technical adjustment, but it would mean slightly lower social security benefits and other benefits going forward. now, you could offset that with other changes in the law, but it is the right thing to do. and his own troops were kind of unhappy about that, but
bargaining table and say how are we going to stabilize our debt so it isn't growing faster than our economy can grow. that means entitlement reform. it means tax reform. everybody knows that. and we've got to get back to it. >> the president said that he's in favor of entitlement reform. he has been specific about dealing with medicare and some aspects of retirement, but has he been specific enough? i'm going to ask you about taxes in a minute, but from the president and the white house's...
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road if there are huge economic damages -- i mean, we don't really know what's going to happen to the economy if the sequester stays in place. the theory is it's going to be pretty bad. congress could back fill some of those cuts april or may or down the road, could dump them a little bit more money to the pentagon and try to offset some of the damages. right now we really don't know, and there's really no one that has proposed anything that could pass both chambers at this point. >> jake sherman, thank you very much. good to see you. >> with our politico briefing. coming up next, to the vatican. s will the vatican now fast track the election of the new pope? we're live in rome next. ann thompson coming up right here on "andrea mitchell reports." [ male announcer ] here's a word you should keep in mind. unbiased. some brokerage firms are. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- isn't that a conflict? search "proprietary mutual funds." yikes! then go to e-trade. we've got over 8,000 mutual funds, and not one of them has our nam
road if there are huge economic damages -- i mean, we don't really know what's going to happen to the economy if the sequester stays in place. the theory is it's going to be pretty bad. congress could back fill some of those cuts april or may or down the road, could dump them a little bit more money to the pentagon and try to offset some of the damages. right now we really don't know, and there's really no one that has proposed anything that could pass both chambers at this point. >> jake...
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Feb 18, 2013
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places like presidio and del rio and eagle pass, small towns on the border, you are helping the local economy and buying at stores and contributing and paying taxes so it is not necessarily a bad thing, but i think that people are a little tired of tying immigration to border security in many places. >> so let me just ask you more specifically because the republican criticism is the president hasn't done enough. the white house suggestion is that they in fact have done more for border security than has been done before and we know about the numbers of deportations. has the white house done enough? >> i think the white house has done quite a bit and frankly in today's political environment the truth is you always have to find something to complain about, something to throw rocks at, and border security just happens to be it for the time being or the conversation about the white house's essential a statement of principles, so i think in the current environment something is going to get done. you can tell by all the activity. you can tell by the fact that tempers are high right now and all of th
places like presidio and del rio and eagle pass, small towns on the border, you are helping the local economy and buying at stores and contributing and paying taxes so it is not necessarily a bad thing, but i think that people are a little tired of tying immigration to border security in many places. >> so let me just ask you more specifically because the republican criticism is the president hasn't done enough. the white house suggestion is that they in fact have done more for border...
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Feb 19, 2013
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. people will lose their jobs. the unemployment rate might take up again. and that is why democrats, republicans, business leaders, and economists, they have already said that these cuts, known here in washington as sequestraion are a bad idea and not how we should run our government. here is the thing. they don't have to happen. there is a smarter way to do this. to reduce our deficits without harming our economy. but congress has to act. in order to for that to happen. for years, i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need. get rid of programs that aren't working. i've laid out specific reforms to our entitlement programs. they can achieve the same amount of health care savings by the beginning of the next decade as the reforms that were proposed by the
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. people will lose their jobs. the unemployment rate might take up again. and that is why democrats, republicans, business leaders, and economists, they have already said that these cuts, known here in washington as sequestraion are a bad idea and not how we should run our government. here is the thing. they don't have to happen. there is a smarter way to do this. to reduce our deficits without...
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sure, let's run up the markets. >> they're looking at the economy and seeing a strong economy. >> and they used to be scared by washington. up next. >> republican's going to be the same think. >> up next, the student loan controversy. business before the bell with brian sullivan. we're going to be right back. none of us would want to be told we can't marry the person we love. that's why a growing majority of americans believe it's time to allow marriage for gay and lesbian couples. laura bush: when couples are committed they ought to have i think the same sort of rights that everyone has. colin powell: allowing them to live together with the protection of law, it seems to me is the way we should be moving in this country. dick cheney: freedom means freedom for everyone. barack obama: our journey is not complete until our gay brothers and sisters are treated like anyone else under the law. it's time for marriage. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activate
sure, let's run up the markets. >> they're looking at the economy and seeing a strong economy. >> and they used to be scared by washington. up next. >> republican's going to be the same think. >> up next, the student loan controversy. business before the bell with brian sullivan. we're going to be right back. none of us would want to be told we can't marry the person we love. that's why a growing majority of americans believe it's time to allow marriage for gay and...
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one, what does it do to the economy in the long term and short term? most economists now are saying, as bad as the defense industry believes it's going to be, as bad as you could argue it's going to be for some of the poorest people in this country, if you have the discussion we were having during the commercial break about krugman and how much debt you want to have, there is an argument to be made that if you want to start tackling it, tackle it, and the world is not going to stop. there is an argument to be made about that. the question is, when do you want to tackle it? some people would say, start tackling it now. but if you don't want to tackle it now and you want to push it out a year, you know, how much does that really advance the cause? >> you bring up krugman. he says let's not tackle it until 2025. >> he wouldn't tackle it for a very long time. >> is 2025 an option for most of the people that you -- >> probably not. >> probably not? >> the problem is that confidence in the markets doesn't evaporate in years or months. it evaporates in weeks
one, what does it do to the economy in the long term and short term? most economists now are saying, as bad as the defense industry believes it's going to be, as bad as you could argue it's going to be for some of the poorest people in this country, if you have the discussion we were having during the commercial break about krugman and how much debt you want to have, there is an argument to be made that if you want to start tackling it, tackle it, and the world is not going to stop. there is an...
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but it is a huge, huge threat to our economy and our livelihoods. a senior defense official said, in the cold war we were focused around the command centers in moscow, it's fair to say we worry as much about the computer servers in shanghai. we have to leave it there. >> happy note. >> yeah, our macs are not safe. among other things. thank you to my panel today, howard, joy, maggie, and jared. that is all for "now." i'll see you back here tomorrow at noon eastern, 9:00 pacific. until then, you can find us at facebook.com/nowwithalex. "andrea mitchell reports" is next. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and if
but it is a huge, huge threat to our economy and our livelihoods. a senior defense official said, in the cold war we were focused around the command centers in moscow, it's fair to say we worry as much about the computer servers in shanghai. we have to leave it there. >> happy note. >> yeah, our macs are not safe. among other things. thank you to my panel today, howard, joy, maggie, and jared. that is all for "now." i'll see you back here tomorrow at noon eastern, 9:00...
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economy and focus on pursuing guilty pleas for those who break the law instead of settling for fines and reforms. the lawyers say they're already making changes to their defense strategies. >>> the washingt"washington pos united arab emirates spreading gifts throughout the world. it gave 5 million dollars to build a neonative intensive care hospital in joplin, missouri devastated two years ago. they also donated $1 million to buy laptop computers for the town's students in joplin, among several gifts given by the uae, a country that works to raise its profile as a pro-western country. >> what they've been doing in joplin is amazing. >>> and mississippi has officially ratified the 13th amendment that abolishes slavery. >> that must have been a heck of a clerical error. what's the luck, seriously, that the clerical error would prevent them from ratifying the 13th amendment, could have been the 23rd. >> they ratified it and forget to send it. >> it was passed in 1864 and not formally ratified by mississippi until 1995 making it the last state to do so. the error was apparently noticed b
economy and focus on pursuing guilty pleas for those who break the law instead of settling for fines and reforms. the lawyers say they're already making changes to their defense strategies. >>> the washingt"washington pos united arab emirates spreading gifts throughout the world. it gave 5 million dollars to build a neonative intensive care hospital in joplin, missouri devastated two years ago. they also donated $1 million to buy laptop computers for the town's students in joplin,...
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Feb 16, 2013
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>> some headlines making news out on the west coast, "the los angeles times" has an article titled "police, others expand use of drones" about how federal authorities are stepping up efforts to license surveillance aircraft for law enforcement and other uses. it's spurring growing concern about violations of privacy. the faa estimates that once the nation's airspace is open to drone traffic, 10,000 of the aircraft could be in the air by 2020. >>> and the salt lake tribune has this headline, having a baby, wait for good air. it's about utah's poor air quality during the winter months and how it affects pregnancy. new research links air pollution to negative b
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>> some headlines making news out on the west coast, "the los angeles times"...
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it will have a very negative effect on the economy. if you're running a business and you have to fly salespeople or engineers around the country, you're going to discover with 4,000 fewer air traffic controllers, that plane may not get there. all across the economy, this is going to be a terrible problem because this is government spending, ed, that allows the private sector to prosper and to grow. it's commonwealth spending for common good. >> is there any way to suggest that the stimulus did not help pull us out of a recession? had we not done it, where would we be? >> had we not done it we would be in a terrible disaster. we lost trillions of dollars of wealth, and yet we didn't have rampant homelessness. why? because the stimulus included money to make sure that people who were going to lose their homes, especially with children, didn't end up on the streets. that is certainly not good. >> if we go down the road with the sequester, and the cuts kick in, i mean, are we going to go right back into a recession? and how fast would it h
it will have a very negative effect on the economy. if you're running a business and you have to fly salespeople or engineers around the country, you're going to discover with 4,000 fewer air traffic controllers, that plane may not get there. all across the economy, this is going to be a terrible problem because this is government spending, ed, that allows the private sector to prosper and to grow. it's commonwealth spending for common good. >> is there any way to suggest that the...
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economy. those are big military towns. he wants to talk about infrastructure in what he talks about in the state of the union address. note that most of these markets are about military presence, so he wants potential questions about furloughs. white house is calling it a fix it first policy. the president will also revise his call for a private partnership to attract financing. third part of the plan calls for cutting red tape to get permits. >> if we upgrade our infrastructure, that'll bring even more jobs, and that's the attitude of a lot of companies all around the world. and i know you want these job-creating projects in your districts. i've seen those ribbon cuttings. all of this is designed to turn up the pressure on republicans by pushing budget consequences into share backyards. >> border patrol agents will see their hours reduced. fbi agents will be furloughed. federal prosecutors will have to close cases and let criminals go. air traffic controllers and airport security will see cut
economy. those are big military towns. he wants to talk about infrastructure in what he talks about in the state of the union address. note that most of these markets are about military presence, so he wants potential questions about furloughs. white house is calling it a fix it first policy. the president will also revise his call for a private partnership to attract financing. third part of the plan calls for cutting red tape to get permits. >> if we upgrade our infrastructure, that'll...
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the jobs that depend on it, or would they rather put hundreds and thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthiest americans and biggest corporations? that's the choice. >> the other side of the political game of chicken, house speaker john boehner in an op-ed calling the sequester a product of the president's own failed leadership and in the middle of that red meat rhetoric, a warning from leon panetta that the pentagon is preparing for furloughs even as obama hammers republicans on the sequester, he's reaching out on immigration. he placed calls to marco rubio, and john mccain -- >> they are sticking their necks out on this issue. what is frustrating for them, which you saw expressed in some of the things rubio said and paul ryan has said in the last couple of days, if they are going to stick their necks outs, they want to feel they have a partner with the white house. >> joining me right now is democratic congressman eric shifz zer. let's dive in to bring everybody up to speed on where we stand with ni
the jobs that depend on it, or would they rather put hundreds and thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthiest americans and biggest corporations? that's the choice. >> the other side of the political game of chicken, house speaker john boehner in an op-ed calling the sequester a product of the president's own failed leadership and in the middle of that red meat rhetoric, a warning from leon panetta...
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care and national security and all of the jobs that depend on them or would they rather put our entire economy at risk just to protect a few loopholes. that's the choice. my door is open. i have put tough cuts and reforms on the table. i'm willing to work with anybody to get this job done. none of us will get 100% of what we want. but nobody should want these cuts to go through. because the last thing our families can afford right now, pain by rigidity here in washington. >> washington has rumd out any new taxes. house speaker john boehner said, quote, today the president advanced an argument republicans have been make for a year -- his sequester is the wrong way to cut spending. mitch mcconelle insisted, more than three months after the november election, president obama still prefers campaign events to common sense bipartisan action. meanwhile the co-chairs of the president's 2010 budget reduction panel. are offering another plan, we're talking about simpson and bowles. their first attempt was ignored by the administration and congressional members. this latest proposal would save $600 billi
care and national security and all of the jobs that depend on them or would they rather put our entire economy at risk just to protect a few loopholes. that's the choice. my door is open. i have put tough cuts and reforms on the table. i'm willing to work with anybody to get this job done. none of us will get 100% of what we want. but nobody should want these cuts to go through. because the last thing our families can afford right now, pain by rigidity here in washington. >> washington...
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> president used today's appearance with a group of first responders to explain what these cuts would mean to the life of an average american family. cuts to airport security. thousands of teachers laid off. hundreds of thousands denied primary and preventative medical care. and if these cuts do go into effect, the president made sure that everyone would know it was republicans fanaticism over taxes that will be to blame. >> and so far at least what they have expressed is a preference where they'd rather have these cuts go into effect than close a single tax loophole for the wealthiest americans. not one. >> and it didn't take long for the gop response. in fact, it didn't take any time at all. senator mitch mcconnell's reaction arrived in my inbox before the president finished speaking. today's event at the white house proves once again that more than t
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> president used today's appearance with a group of first responders to explain what these cuts would mean to the life of an average american family. cuts to airport security. thousands of teachers laid off. hundreds of thousands denied primary and preventative medical care. and if these cuts do go into effect, the president made...
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republicans overall criticism is that the president doesn't lead, the president doesn't lead on the economy, the president doesn't lead on immigration. the president doesn't lead on gun control if you will. when the president does take action, action that he telegraphed verbally saying if congress doesn't do something, i am going to step in and do something, they criticize him for taking the steps to jump into a position to lead on an issue that he cares about that a lot of other people care about. thomas, if the immigration panel in the senate falls flat as we have seen happen many times in congress, come up with gangs and try am to come up with plans and nothing happens. if the immigration gang falls flat, the president would be in a position to step in and say, here, here is the plan, republicans want to say to the president playing politics with this and i think the president is trying to get something done. >> jonathan, if he was going to lead, then you wouldn't leak the document, you would say here is my bill. >> i think the most important thing -- >> the fact it wouldn't come out of
republicans overall criticism is that the president doesn't lead, the president doesn't lead on the economy, the president doesn't lead on immigration. the president doesn't lead on gun control if you will. when the president does take action, action that he telegraphed verbally saying if congress doesn't do something, i am going to step in and do something, they criticize him for taking the steps to jump into a position to lead on an issue that he cares about that a lot of other people care...
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>> this is absolutely an economic economy. the president and congress -- the president, it seems clear. he wants to act on climate change. there will be a lot of cost benefit analysis that has to be made over the economy. one thing we may see is the president moving forward on epa regulations on coal plants signaling that as this is flexing executive authority and taking action on climate change, but we may see a tradeoff. moving on that and approving the keystone pipeline as well. we will see the president trying really hard to weigh in and taking action on climate change, but trying not to harm the economy in the short-term. >> coral davenport in d.c. thanks. >>> he pulled the trigger on osama bin laden. now two years later, one of the most war decorated hero is facing a future without much help from the military. clump cre . big green brush, curved to crush. 200% more volume. zero clumps. new clump crusher from easy, breezy, beautiful covergirl. i just served my mother-in-law your chicken noodle soup but she loved it so muc
>> this is absolutely an economic economy. the president and congress -- the president, it seems clear. he wants to act on climate change. there will be a lot of cost benefit analysis that has to be made over the economy. one thing we may see is the president moving forward on epa regulations on coal plants signaling that as this is flexing executive authority and taking action on climate change, but we may see a tradeoff. moving on that and approving the keystone pipeline as well. we...
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Feb 21, 2013
02/13
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they'll hurt our economy. they'll raise the unemployment rate, and the reason is because congress has not been able to compromise on a deficit reduction package that's more sensible. >> unfortunately but not surprisingly, republicans are unmoved. once again looking at the same polls, they unskew a slightly different message from the american electorate. >> i hope and believe the republicans will allow the sequestration to go into effect so that we can start down a path of trying to get control of spending and reduce the deficit. >> the big boulder standing in way of any kind of resolution is the issue of taxes and the closing of tax loopholes. republicans won't hear of it. even if polls show that 76% believe deficit reduction must be a combination of tax hikes and spending cuts. which may sound familiar because back in december when voters again said they wanted tax hikes as part of a deal avoiding the fiscal cliff, here is what republicans were saying. >> the election wasn't a mandate to raise taxes. >> an ob
they'll hurt our economy. they'll raise the unemployment rate, and the reason is because congress has not been able to compromise on a deficit reduction package that's more sensible. >> unfortunately but not surprisingly, republicans are unmoved. once again looking at the same polls, they unskew a slightly different message from the american electorate. >> i hope and believe the republicans will allow the sequestration to go into effect so that we can start down a path of trying to...
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Feb 19, 2013
02/13
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> people will lose their jobs. these cuts will effect huge parts of the economy. and cripple essential government services that millions of people rely on. >> emergency responders like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. border patrol agents will see their hours reduced. fbi agents will be furloughed. federal prosecutors will have to close cases and let criminals go. air traffic controllers and airport security will see cutbacks which means more delays at airports across the country. thousands of teachers and educators will be laid off. tens of thousands of parents will have to scramble to find childcare for their kids. hundreds of thousands of americans will lose access to primary care and preventive care like flu vaccinations and cancer screenings. >> this is serious. t
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> people will lose their jobs. these cuts will effect huge parts of the economy. and cripple essential government services that millions of people rely on. >> emergency responders like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. border patrol agents...
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Feb 20, 2013
02/13
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there is an understanding that the economy could be impacted. thank you. >> "news nation" gut check. will connecticut be the fifth to ban smoking in cars with young kids inside? we will look at both sides including those who say such a law is government overreach. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> we will be back and connecticut could join a handful of other states that banned smoking where a child is present. a state committee is taking up a proposed ban. we get the latest from a reporter. our nbc station, wvit. >> every time chris heads out with her two sons, safety is the number one thing on her mind. >> we're want our kids to be in safe places always. >> that's why chris supports a move to ban smoking in cars. >> even as we drive around and see kids that are at a stoplight next to us and you can see shn is smoking in the car,
there is an understanding that the economy could be impacted. thank you. >> "news nation" gut check. will connecticut be the fifth to ban smoking in cars with young kids inside? we will look at both sides including those who say such a law is government overreach. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's....
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Feb 20, 2013
02/13
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walmart is freaking out about the economy, should the rest of us? let's bring in "washington post" economic policy correspondent jim. should the rest of us freak out? >> maybe, there's two possible stories, one is that walmart is seeing is very bad for the rest of the economy. and that's the story like this. consumers weren't expecting a big payroll tax hike to hit them in january and started to notice it when the paychecks were lighter than expected in the first half of the month, seconds half of the month. they pulled way back on spending in february. there's going to be some of that effect going on. obviously most economists think the payroll tax hike will chill growth in some way. the question is, will consumers adjust and is it sort of a one time deal? the other story though, walmart tends do do very well in recessions because they are such a retailer that caters to the lower end of the economic spectrum. they've stocked cheap products. it's possible if people are doing better now they are moving to slightly more expensive rivals of walmart lik
walmart is freaking out about the economy, should the rest of us? let's bring in "washington post" economic policy correspondent jim. should the rest of us freak out? >> maybe, there's two possible stories, one is that walmart is seeing is very bad for the rest of the economy. and that's the story like this. consumers weren't expecting a big payroll tax hike to hit them in january and started to notice it when the paychecks were lighter than expected in the first half of the...
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Feb 22, 2013
02/13
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20% cut in people's income which is very disturbing for people who are working hard and part of the economy. for those of us who fly you are going to have to adjust the schedule and reduce the number of flights. we will see the system remain safe, but boy i will tell you the lines when you travel are going to increase
20% cut in people's income which is very disturbing for people who are working hard and part of the economy. for those of us who fly you are going to have to adjust the schedule and reduce the number of flights. we will see the system remain safe, but boy i will tell you the lines when you travel are going to increase
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Feb 19, 2013
02/13
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analysts say the reasons are many, china is demanding more and more every day to power their growing economy, just as opec cut their output, and here at home, refineries are shutting down for maintenance as they prepare to switch to a summer blend. then market speculation and a weaker dollar play a role. >> we have to work, we keep coming to work every day. you have to put gas in your car to come to work. >> reporter: 43 cents in a month. >> that was nbc's tom costello. >>> after a weekend, the president and staffers will be back at work this morning, but with only ten days to prevent the automatic spending cuts, one group will be absent. >> reporter: good morning, congress is away all week on recess, now strategists say they will make calls and try to come up with alternative savings. but voters here at the capitol say that is not good enough. president obama is back at the white house after a weekend golfing in florida. but congress is still away on recess, taking a break announced monday. voters in the capitol are upset that they actually went home. >> i would be hard at work. >> reporter
analysts say the reasons are many, china is demanding more and more every day to power their growing economy, just as opec cut their output, and here at home, refineries are shutting down for maintenance as they prepare to switch to a summer blend. then market speculation and a weaker dollar play a role. >> we have to work, we keep coming to work every day. you have to put gas in your car to come to work. >> reporter: 43 cents in a month. >> that was nbc's tom costello....
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Feb 18, 2013
02/13
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it's things that immediately matter like what's happening with the economy. i have no idea what bobby jindal is doing but he's a little off base here. >> that's a fair condemnation. jonathan, paul ryan says he truly, honestly doesn't any if he's going to run for president in 2016. if that's the case though, then maybe he should tell his friends because one of them recently told politico and i'm quoting that ryan has no interest in the sheer grind of campaigning. it's hard to see him having what it takes. jonathan, if that's how his friends are talking about him now, what will his enemies say if mr. ryan does decide to throw his hat in the ring? >> well, they will say much worse, but if all the people we've been talking about as potential candidates, paul ryan is the one that has a legitimate claim to run. he's young, very smart, has his budget plan that's been passed twice and ignored an equal number of times. >> and derided by virtually every economist who says the math doesn't add up but now he's going to reduce the deficit and achievements not in 30 but in
it's things that immediately matter like what's happening with the economy. i have no idea what bobby jindal is doing but he's a little off base here. >> that's a fair condemnation. jonathan, paul ryan says he truly, honestly doesn't any if he's going to run for president in 2016. if that's the case though, then maybe he should tell his friends because one of them recently told politico and i'm quoting that ryan has no interest in the sheer grind of campaigning. it's hard to see him...
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Feb 21, 2013
02/13
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let's cut $85 billion out of the hide of the economy. let's remove hope from the country, maybe risk a second dip because it all helps the republican party and the ideology of lower government, less government. your thoughts. >> well, i doubt you read that they said well, you know, let's take hope out of the country and ruin the economy. but i get your point. what i find interesting in your argument, chris, is that you seem to overlook the fact that you have just as many democrats out there screaming the same thing on the left starting with someone like howard dean. you're also overlooking the fact that this whole idea of sequestration emanated out of the economic team of the white house. >> whoa, whoa, whoa. what office does howard dean hold right now? >> i'm saying you're pointing and saying this is just republicans talking about this. you have democrats in the senate and the house. you have democrats outside of the senate and the house who feel the same way, that maybe this is a moment that pushes both of these folks, the white house
let's cut $85 billion out of the hide of the economy. let's remove hope from the country, maybe risk a second dip because it all helps the republican party and the ideology of lower government, less government. your thoughts. >> well, i doubt you read that they said well, you know, let's take hope out of the country and ruin the economy. but i get your point. what i find interesting in your argument, chris, is that you seem to overlook the fact that you have just as many democrats out...
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Feb 20, 2013
02/13
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tough economy, two wars, health care fight, iran, north korea, his mother-in-law moving in with him. i think that will break most men. >> you might as well talk about the 2012 republican candidates. just look at the options republicans are pairing around. it doesn't sound like a field of candidate. it sounds like season 13 of "dancing with the stars." j you know, thal say that inside every american governor is a president struggling to get out. in chris christies's case, it's the only one where you can still hear him screaming. >> donald trump says that he would run for president as republican, which is surprising since i just assumed he was running as a joke. >> you told me when i was a kid that i would be sitting here on the same day as president barack obama, i would have said the president's name is barack obama? >> let's bring in chuck nice. chuck, would you comedians even have a job without politicians? >> oh, absolutely not. the thing is they make it so easy. that's the beauty of it. barack obama doesn't make it easy. this year, it will be a little bit easier because it's his
tough economy, two wars, health care fight, iran, north korea, his mother-in-law moving in with him. i think that will break most men. >> you might as well talk about the 2012 republican candidates. just look at the options republicans are pairing around. it doesn't sound like a field of candidate. it sounds like season 13 of "dancing with the stars." j you know, thal say that inside every american governor is a president struggling to get out. in chris christies's case, it's...
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Feb 21, 2013
02/13
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these are are things creating disruptive change in how the economy works and how governments work and it's all being created from this generation. so it's really having a deep impact on people of all generations. >> well, so let's talk politics for a minute. a particular project of mine to make conservatism more appealing to younger voters and that's no easy feat but i'm willing to put the work in. you know, what can conservatism do if you had to advise the movement? is it really just about weed, gay marriage, twitter? >> i think that's a piece of it. i think gay marriage and the social issues are a piece of it and seen college republican organizations on college campuses coming out marriage and things like that, breaking with i think what a lot of the party believes and i think more to the point. politicians are both parties have to actually fight for this generations vote every time because even though mill leanals are more democratically leaning, they are not big identifiers in political party membership. they don't see themselves as members of a political party, so each candidate
these are are things creating disruptive change in how the economy works and how governments work and it's all being created from this generation. so it's really having a deep impact on people of all generations. >> well, so let's talk politics for a minute. a particular project of mine to make conservatism more appealing to younger voters and that's no easy feat but i'm willing to put the work in. you know, what can conservatism do if you had to advise the movement? is it really just...
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Feb 21, 2013
02/13
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they'll hurt our economy. they'll raise the unemployment rate, and the reason is because congress has not been able to compromise on a deficit reduction package that's more sensible. >> joining me now michelle ber in order, democratic strategyist, patty doyle, and my nbc colleague at the white house, kristen walker. welcome all. kristen, i want to put up the map of, we'll show you everybody where the president spoke yesterday in these local interviews, from boston. there was definitely a pattern here, honolulu, big military town. they clearly believe this p.r. strategy's going to work even because they say it worked the last time, right? >> right. that is the strategy, to put public pressure on congress to get something done, but at this point in time, it doesn't seem like it's working. right, not scheduling meetings, haven't had any read-outs of any meetings, trying to get a sense of if that's going to come. doesn't seem like the president's going to be picking up the phone at this point in time. it does seem
they'll hurt our economy. they'll raise the unemployment rate, and the reason is because congress has not been able to compromise on a deficit reduction package that's more sensible. >> joining me now michelle ber in order, democratic strategyist, patty doyle, and my nbc colleague at the white house, kristen walker. welcome all. kristen, i want to put up the map of, we'll show you everybody where the president spoke yesterday in these local interviews, from boston. there was definitely a...
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Feb 22, 2013
02/13
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. >> that's what the economy said, herman. >> those that are wrong economists. >> please be reasonable. >> it makes me ashamed. >> vent your anger but be alone when you do it. ♪ have you heard about the new dance criaze ♪ li . >> it is seven days to austerity, to a potential economic apock lips when $85 billion will be slashed from the federal government and eventually it will affect all of us from the food we eat to the flights we take to the nation's national security. all of it could come apart unless republicans find a way to compromise on sequestration. it's a message the president reiterated this afternoon while meeting with japan's prime minister. >> this should be a no-brainer, and let me just point out that the overall impact to the economy will be to slow down the recovery. >> the comments came after transportation secretary ray lahood visited the white house briefing room this morning and explained in no uncertain terms how these cuts will affect the average american. he detailed not only the delays that travelers within the united states can expect, but also how republi
. >> that's what the economy said, herman. >> those that are wrong economists. >> please be reasonable. >> it makes me ashamed. >> vent your anger but be alone when you do it. ♪ have you heard about the new dance criaze ♪ li . >> it is seven days to austerity, to a potential economic apock lips when $85 billion will be slashed from the federal government and eventually it will affect all of us from the food we eat to the flights we take to the nation's...
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Feb 21, 2013
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the country about and the economy again on the brink. hours before that self-imposed economic doomsday for us and the planet, the president announces that a deal has been struck. it was close and unpleasant, and it was all on purpose. that was july. by september, same year, another threatened government shutdown. this time it was the senate that had to find its way back from the edge of catastrophe, but they did it with something like 90 minutes to spare. then this past december, let's all go back to the brink. congressional republicans threatening an avalanche of tax hikes and other recession-inducing budget cuts. it's the fiscal cliff, look out! congressional republicans blew right past the new year's eve deadline and then after the sky was supposed to have fallen, a deal was made shortly thereafter to retroactively avert said disaster. remember all that? well, here we are again, back at the brink again. do brinks wear out if you use them too much? for the seventh time since winning the majority, congressional republicans are holding t
the country about and the economy again on the brink. hours before that self-imposed economic doomsday for us and the planet, the president announces that a deal has been struck. it was close and unpleasant, and it was all on purpose. that was july. by september, same year, another threatened government shutdown. this time it was the senate that had to find its way back from the edge of catastrophe, but they did it with something like 90 minutes to spare. then this past december, let's all go...
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Feb 22, 2013
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let's cut $85 billion out of the economy. let's remove hope from the country. i doubt that you read that it said take hope out of the country and ruin the economy. but i get your point. what i find interesting in your argument, chris, is that you seem to overlook the fact that you have just as many democrats out there screaming the same thing on the left. starti ining howard deem. also, the whole idea of sequestration emanated -- >> what office does howard dean own? >> i'm just saying. you're pointing and say ing say >> it pushes both of these folks -- >> i'm sosh ri. i just want to check your facts. what democrats holding office in the congress want to see sequestration. >> the ones who voted for it. starting with them. you mean this whole thing got passed just on republican votes? >> it was called kicking the can -- >> are you kidding? >> i'm going to ask you again, do you believe right now there are any democrats in the house or senate who want to see sequestration? >> yes. >> name one. >> there have been folks on the record, chris. i can't name one off -- >
let's cut $85 billion out of the economy. let's remove hope from the country. i doubt that you read that it said take hope out of the country and ruin the economy. but i get your point. what i find interesting in your argument, chris, is that you seem to overlook the fact that you have just as many democrats out there screaming the same thing on the left. starti ining howard deem. also, the whole idea of sequestration emanated -- >> what office does howard dean own? >> i'm just...
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Feb 20, 2013
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nationally, the economy could fall back into recession. yet the contrast between how each party is playing its hand could not be more stark. the president is taking his message of a balanced approach to eight local affiliates from different geographic regions of the country. this comes after his speech tuesday, where he laid out what the sequester cuts will mean to the average american. >> so these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. do you want to protect some special interest loophole? >> in other words, this is deadly serious and the president is arguing his case before the entire nation. so what has speaker boehner been doing for the last 24 hours? well, he did manage to pen an opinion piece for "the wall street journal" presumely between lying on a sun tanning bed. i won't bore you with the details but it says the sequester is ugly and dangerous but it's up to democrats to present a plan that can pass.
nationally, the economy could fall back into recession. yet the contrast between how each party is playing its hand could not be more stark. the president is taking his message of a balanced approach to eight local affiliates from different geographic regions of the country. this comes after his speech tuesday, where he laid out what the sequester cuts will mean to the average american. >> so these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds...
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Feb 17, 2013
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ if we took the nissan altima and reimagined nearly everything in it? gave it greater horsepower and class-leading 38 mpg highway... advanced headlights... and zero gravity seats? yeah, that would be cool. introducing the completely reimagined nissan altima. it's our most innovative altima ever. nissan. innovation that excites. ♪ nissan. innovation that excites. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ if we took the nissan altima and reimagined nearly everything in it? gave it greater horsepower...
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Feb 16, 2013
02/13
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they know that cuts that deep in reality would hurt the economy. if mitt romney were president, they would not be taking that position, i bet you dollars to doughnuts and they would be extending the deficit out just like they are crying that the democrats are doing now. so -- >> so why make that their position? >> why make that your position you now? >> well, because it's politically easy for them to do it. if they had the responsibility of governing and of running the economy, there's no way they would be saying let's balance the budget with cuts only in ten years. they know that was an economic loser. >> daily beast, newsweek, good to see you sir, thank you. >> my pleasure. >> immigration issues, tea party loyalists and the bushes in the backdrop, all roads right now seem to lead to texas in a politico story friday it was written, when it comes to politics, boelth present day battles and future trends, ground zero, the fastest growing of the states, texas. why are things heating up in texas right now? joining me, newly elected democratic congress
they know that cuts that deep in reality would hurt the economy. if mitt romney were president, they would not be taking that position, i bet you dollars to doughnuts and they would be extending the deficit out just like they are crying that the democrats are doing now. so -- >> so why make that their position? >> why make that your position you now? >> well, because it's politically easy for them to do it. if they had the responsibility of governing and of running the...
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Feb 18, 2013
02/13
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if you combine that with health care, saving the economy, i think that would be big -- >> and also -- >> he's done equality, doma, getting rid of that, getting rid of the don't ask don't tell, pushing towards pretty much equality in marriage all the way, almost there, and then health care, of course, historic because every democrat since truman -- since roosevelt has been trying to do it. gee grades himself on a tough curve. i remember when i visited him in his senate office years ago. the pictures he had on the wall were gandhi, lincoln, muhammad ali, and thurgood marshall. >> where was hannibal? >> hannibal wasn't there. but thurgood marshall was there, ali was there, gandhi was there, lincoln was there. that's the way he thinks of himself and i think he's going to strive very hard to reach those goals that joy talked about. also more prosaically, he's got to make sure health care gets properly implemented. because if it doesn't -- and it's moving in his direction. >> right. >> and he plays -- you know, he's patient. one of the things about this president, he'll always be known for
if you combine that with health care, saving the economy, i think that would be big -- >> and also -- >> he's done equality, doma, getting rid of that, getting rid of the don't ask don't tell, pushing towards pretty much equality in marriage all the way, almost there, and then health care, of course, historic because every democrat since truman -- since roosevelt has been trying to do it. gee grades himself on a tough curve. i remember when i visited him in his senate office years...
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Feb 22, 2013
02/13
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it's going to slow down the economy. you've got democrats -- you've got the president running around because he only knows how to do one thing, ask for higher taxes. he's leading with the taxes. we've got to raise more taxes. it's the rich, it's the corporations, tax, tax, tax. i thought we had this debate before. democrats don't seem to understand that taxing americans dampens the economy, hurts small businesses, hurts a lot of americans. republicans don't seem to understand that massive unfocused cuts right now are going to slow down the economy and hurt americans, too. >> you seriously have to wonder whether anyone in washington, in the house, in the senate, in the white house, in the administration, republican, democrat, do they ever go outdoors? do they ever see what happens every day to ordinary americans? people who have been getting crushed economically for the past 10 or 15 years are now getting crushed again, doubly so. the payroll tax has been eliminated. have you checked out the price of gasoline over the pas
it's going to slow down the economy. you've got democrats -- you've got the president running around because he only knows how to do one thing, ask for higher taxes. he's leading with the taxes. we've got to raise more taxes. it's the rich, it's the corporations, tax, tax, tax. i thought we had this debate before. democrats don't seem to understand that taxing americans dampens the economy, hurts small businesses, hurts a lot of americans. republicans don't seem to understand that massive...
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Feb 21, 2013
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the economy's upside down down right now. we're in negative growth this last quarter. >> it's really a bad idea right now to do this thing. and also as they were saying, it's deliberately written i guess to make it ridiculous so that you can't say let's take out one of our stupid tank programs we don't need. you can't do that. >> but that doesn't seem to be inspiring action. i mean, i asked what are they -- what's the alternative? i'm sure that they've been working with members of congress to come up with an alternative to this. i didn't -- i hear, oh, there should be one. >> yeah. >> but i don't hear any. >> well, i've got to say," you know, a lot of people, mike barnicle, attacked the president and congress for not working together, but they did come up with a plan that would have been remarkably stupid to an act as a worst-case scenario, and they worked together to create that fail safe plan and they're going to implement it. >> but the part that i don't understand, mike, you talk about the republicans saying, well, this t
the economy's upside down down right now. we're in negative growth this last quarter. >> it's really a bad idea right now to do this thing. and also as they were saying, it's deliberately written i guess to make it ridiculous so that you can't say let's take out one of our stupid tank programs we don't need. you can't do that. >> but that doesn't seem to be inspiring action. i mean, i asked what are they -- what's the alternative? i'm sure that they've been working with members of...
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Feb 24, 2013
02/13
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." >> it's not the amount, the speed at which it's coming out of economy. >> it is. >> if you look -- if you look at the history of this country from '92 to 2000" under president clinton and the largely republican congress, the federal outlay against gdp went down by 4%. we're talking about half a percent here. this is not a big deal, a. b, goldy is very wrong. president obama and the white house were the ones that proposed the sequester in 2011. >> and 174 republicans voted for it. >> why does that matter? why does that matter? >> it does not matter. i'm responding to what goldie said. >> what's your headline? >> my line is "bust." >> this is a punt and it's a complete busted news because in reality they will sit down and punt this thing down the road like they have done so many times. we're talking about an issue that came up almost two years ago now. my headline is "punt." >> as i do frequently on the broadcast i turn to you for some sanity, sir, save us. >> well, that's pretty scary. the point that has been missed is that it's not just the amount of these cuts it's the fact that t
." >> it's not the amount, the speed at which it's coming out of economy. >> it is. >> if you look -- if you look at the history of this country from '92 to 2000" under president clinton and the largely republican congress, the federal outlay against gdp went down by 4%. we're talking about half a percent here. this is not a big deal, a. b, goldy is very wrong. president obama and the white house were the ones that proposed the sequester in 2011. >> and 174...